Category Archives: Cryptocurrency

Stellar investors analysis

WHAT IS STELLAR?
Stellar is a decentralized open source payment network. Stellar Lumens (XLM) are the native asset on the network that are used for facilitating exchanges.

STRENGTHS

  • Fees- A transaction fee of 0.00001 XLM  ($0.000005) is purely to deter DDoS attacks.
  • Near instant transaction settlement (0-5 seconds)
  • Stellar.org is non profit with an intent to fight global poverty 
  • Business partnerships- Stellar seems to be constantly adding new partnerships with IBM and DELOITTE being the biggest.

WEAKNESSES

Stellar is a pre-mined coin with Stellar.org holding and distributing remaining tokens via airdrops over the next 10 years.


  • 17.85 Billion XLM in circulating supply out of 103.5 billion XLM total. 
  • A high XLM price would not necessarily further the  goal of reducing poverty. 

OPPORTUNITIES

The main mission objective from Stellar.org is to reduce world poverty. 

They could become a global leader in blockchain banking and transactions.

THREATS

Ripple is the obvious threat to Stellar as Ripple already has market share in this space and a much bigger corporate partnership portfolio.

5 YEAR OUTLOOK

The outlook for Stellar Lumens is tough to call.

 If you share Stellar.orgs desire to make the world a better place then this should be a worthwhile project to be involved with.

If however you are looking from a pure financial gains standpoint then the massive amounts of XLM still to enter circulation has to be carefully considered.

  • www.Binance.com 
  •   Over 80+ Currency pairs. No verification to trade crypto to crypto.
  • Supported countries: Worldwide
  • Deposit methods: BTC, ETH, LTC, NEO & BNB
  • www.coinspot.com.au
  •   60+ Altcoins available.  User friendly.
  • Deposit currencies: AUD*, BTC, LTC, DOGE
  • Payment methods: BPAY, POLi, cash, cryptocurrency


Disclaimer- The Information on this website is provided for education and informational purposes only. The Information contained in or provided from or through this website is not intended to be and does not constitute financial advice

Monero analysis investor guide

WHAT IS MONERO?

Monero (XMR) is a privacy focused Cryptocurrrency.
Launched in 2014 It is secure, private, untraceable and open- sourced. 
STRENGTHS
  • Privacy -Monero uses ring signatures, ring confidential transactions, and stealth addresses to hide the origins, amounts, and destinations of all transactions.
  • The blockchain doesn't have a block limit and is dynamically scalable.
WEAKNESSES
  • Limited merchant/ vendor adoption.
  • Storage- To date there are no hardware wallets that can store Monero. (Ledger is in progress)
  • Tax reporting could be difficult. (Some might argue this the point of Monero) 
OPPORTUNITIES

Monero is currently the top Privacy coin as far as features go. 

The challenge will be whether it can gain mainstream mass adoption.

THREATS

Governments are slowly having to make a choice whether they embrace Cryptocurrencies or fight to ban and push them underground. 

Monero could come under attack as Governments  look to falsely lay blame for enabling "Terrorists, and drug dealers"  (the USD could also be blamed for this)

5 YEAR OUTLOOK

Monero is currently the Blue chip privacy coin and is likely to stay there for the immediate future.

If privacy is your thing then you probably already own Monero.

  • www.Binance.com 
  •   Over 80+ Currency pairs. No verification to trade crypto to crypto.
  • Fees: As low as 0.1% trading fee
  • Supported countries: Worldwide
  • Deposit methods: BTC, ETH, LTC, NEO & BNB
  • www.coinspot.com.au
  •   60+ Altcoins available.  User friendly.
  • Fees: 1-3%
  • Deposit currencies: AUD*, BTC, LTC, DOGE
  • Payment methods: BPAY, POLi, cash, cryptocurrency


Disclaimer- The Information on this website is provided for education and informational purposes only. The Information contained in or provided from or through this website is not intended to be and does not constitute financial advice

Cardano summary

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WHAT IS CARDANO

Cardano is a smart contract platform that is fully decentralized and open sourced. It claims to be the first blockchain backed by scientific philosophy with all design elements going through a rigorous peer review process

STRENGTHS

  • Team. A strong team of scientists and engineers centered around the Cardano foundation.
  • Peer reviewed security protocols
  • Scalability. As more users are added the capabilities of the system increase
  • Technology. Cardano is focused on future proofing and remaining flexible to future unknown applications


WEAKNESSES

  • Blockchain went live Sept 2017 so project is still in its infancy
  • Long term road-map means it could be months/ years before the full capabilities of Cardano are reached

OPPORTUNITIES

Cardano has the potential to be the premier smart contracts platform. This would see it sitting comfortably in the top 5 market caps.

THREATS

Ethereum has a big head start in the smart contract space sector which already has some tough competition.

Other smart contract platforms include NEO, Nem, Eos, Qtum and many more!

5 YEAR OUTLOOK

Cardano has a strong team with big plans for the future.

Its current price could be too high for its current capabilities but as more tech gets ticked off the road-map the stronger Cardano will be.

  • www.Binance.com 
  •   Over 80+ Currency pairs. No verification to trade crypto to crypto.
  • Supported countries: Worldwide
  • Deposit methods: BTC, ETH, LTC, NEO & BNB
  • www.coinspot.com.au
  •   60+ Altcoins available.  User friendly.
  • Deposit currencies: AUD*, BTC, LTC, DOGE
  • Payment methods: BPAY, POLi, cash, cryptocurrency


Disclaimer- The Information on this website is provided for education and informational purposes only. The Information contained in or provided from or through this website is not intended to be and does not constitute financial advice

IOTA Summary,

WHAT IS IOTA

IOTA is an open-source distributed ledger cryptocurrency focused on providing secure communications and payments between machines on the Internet of things.

Instead of a blockchain it uses a directed acrylic graph (DAG) known as the TANGLE

STRENGTHS
  • Infinitely scalable
  • Zero fees
  • No mining, blocks or difficulty adjustments so cannot be centralized by miners
  • Strong team backed by the IOTA foundation
WEAKNESSES
  • Proprietary Technologies- IOTA code is not open sourced. This is a form of centralization that goes against blockchain Ideology
  • Technology- The technology behind IOTA possibly hasn't been around long enough to know how it will work at scale, and how it will hold up to attacks
OPPORTUNITIES

If successful, IOTA using The Tangle could be a viable competitor (or replacement) for blockchain technology. It could become the leader in micro-transactions and the Internet of things data transfer

THREATS

Security and network stability remain to be truly tested under load. Any hack or network congestion could severely effect the price.

5 YEAR OUTLOOK

The long term outlook for IOTA has great potential.

IOTA using the Tangle could be a future market leader. However should the technology become compromised somehow, expect a huge reduction in market cap.

  • www.Binance.com 
  •   Over 80+ Currency pairs. No verification to trade crypto to crypto.
  • Fees: As low as 0.1% trading fee
  • Supported countries: Worldwide
  • Deposit methods: BTC, ETH, LTC, NEO & BNB

  • www.coinspot.com.au
  •   60+ Altcoins available.  User friendly.
  • Fees: 1-3%
  • Deposit currencies: AUD*, BTC, LTC, DOGE
  • Payment methods: BPAY, POLi, cash, cryptocurrency


Disclaimer- The Information on this website is provided for education and informational purposes only. The Information contained in or provided from or through this website is not intended to be and does not constitute financial advice

Litecoin summary

WHAT IS LITECOIN

Litecoin is an open-source, peer-to-peer cryptocurrency that forked from Bitcoin in 2011

STRENGTHS

  • Faster transactions that Bitcoin
  • 2.5 min block time compared to Bitcoins 10 min.
  • Low transaction fees- long term avg <$0.10

WEAKNESSES

  • Low merchant adoption
  • More vulnerable to a 51% attack than other top 10 coins

OPPORTUNITIES

Future upgrades like Lightning network and Atomic swaps could potentially turn Litecoin into a powerhouse. This would allow instant transactions and even lower fees which could make Litecoin the #1 transaction Currency.

THREATS

Litecoin is currently considered the silver to Bitcoins gold. It will need to shake off this misconception to fulfill its potential.

Other prominent coins that could take litecoins market share are Bitcoin Cash and Dash.

5 YEAR OUTLOOK

Litecoin has been around for a long time and will likely still be going strong in 5 years. Whether it stays in the top 10 will depend on how well it can stay agile and implement new technology.

  • www.Binance.com 
  •   Over 80+ Currency pairs. No verification to trade crypto to crypto.
  • Fees: As low as 0.1% trading fee
  • Supported countries: Worldwide
  • Deposit methods: BTC, ETH, LTC, NEO & BNB

  • www.coinspot.com.au
  •   60+ Altcoins available.  User friendly.
  • Fees: 1-3%
  • Deposit currencies: AUD*, BTC, LTC, DOGE
  • Payment methods: BPAY, POLi, cash, cryptocurrency


Disclaimer- The Information on this website is provided for education and informational purposes only. The Information contained in or provided from or through this website is not intended to be and does not constitute financial advice